11/28/2009
(C) 2009 Wm Schmidt, Ph.D.
The S12 warns us to be cautious.
Shorting some stocks with head and
shoulders pattern still seems advisable.
Here the results of a scanning the D and E stocks.
The procedure is pretty simple. Run the
Power Ranking program. The look at stocks
under their 50-day ma that also have a
current Accum Index (IP21) under 0.
Head and Shoulders patterns Negative Accumulation
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DKA 25.67 24.61 is neckline
DRI 31.15 28.80 is neckline.
DWSN 21.62 Neckline at 23.37 has been broken
DY 7.87 Neckline at 9.31 has been broken.
ENOC 26.95 neckline is at 27.35
ERJ 20.36 neckline is at 18.57
ERTS 17.01 Continuation Pattern's neckline is at 17.57
ESC 16.21 below dropping neckline
ESL 40.62 neckline is at 40.30
